$AAP
ADVANCE AUTO PARTS INC

2012 Q2 Form 10-Q Financial Statement

#000115844912000091 Filed on May 29, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $1.957B $1.898B
YoY Change 3.12% 3.69%
Cost Of Revenue $976.6M $939.9M
YoY Change 3.9% 2.19%
Gross Profit $980.7M $958.2M
YoY Change 2.35% 5.2%
Gross Profit Margin 50.1% 50.48%
Selling, General & Admin $756.1M $772.2M
YoY Change -2.08% 5.98%
% of Gross Profit 77.1% 80.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $55.80M $52.50M
YoY Change 6.29% 5.63%
% of Gross Profit 5.69% 5.48%
Operating Expenses $756.1M $772.2M
YoY Change -2.08% 5.98%
Operating Profit $224.6M $186.0M
YoY Change 20.75% 2.09%
Interest Expense -$9.900M -$9.700M
YoY Change 2.06% 61.67%
% of Operating Profit -4.41% -5.22%
Other Income/Expense, Net $500.0K $100.0K
YoY Change 400.0% -80.0%
Pretax Income $215.2M $176.3M
YoY Change 22.06% -0.23%
Income Tax $81.70M $66.70M
% Of Pretax Income 37.96% 37.83%
Net Earnings $133.5M $109.6M
YoY Change 21.81% 0.18%
Net Earnings / Revenue 6.82% 5.77%
Basic Earnings Per Share
Diluted Earnings Per Share $1.799M $1.345M
COMMON SHARES
Basic Shares Outstanding 73.51B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $364.0M $54.00M
YoY Change 574.07% -59.4%
Cash & Equivalents $364.1M $53.67M
Short-Term Investments
Other Short-Term Assets $52.58M $48.28M
YoY Change 8.91% 41.99%
Inventory $2.107B $2.118B
Prepaid Expenses
Receivables $146.2M $115.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.670B $2.335B
YoY Change 14.32% 15.45%
LONG-TERM ASSETS
Property, Plant & Equipment $1.234B $1.152B
YoY Change 7.1% 5.1%
Goodwill $76.39M $34.39M
YoY Change 122.14%
Intangibles $30.29M $25.06M
YoY Change 20.85%
Long-Term Investments
YoY Change
Other Assets $34.12M $25.81M
YoY Change 32.2% 12.23%
Total Long-Term Assets $1.375B $1.238B
YoY Change 11.1% 4.91%
TOTAL ASSETS
Total Short-Term Assets $2.670B $2.335B
Total Long-Term Assets $1.375B $1.238B
Total Assets $4.045B $3.573B
YoY Change 13.2% 11.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.737B $1.574B
YoY Change 10.35% 32.74%
Accrued Expenses $376.8M $386.6M
YoY Change -2.52% -9.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $807.0K $923.0K
YoY Change -12.57% -7.7%
Total Short-Term Liabilities $2.249B $2.076B
YoY Change 8.3% 22.3%
LONG-TERM LIABILITIES
Long-Term Debt $599.8M $430.8M
YoY Change 39.23% 54.98%
Other Long-Term Liabilities $217.9M $182.3M
YoY Change 19.51% 54.52%
Total Long-Term Liabilities $817.7M $613.2M
YoY Change 33.36% 54.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.249B $2.076B
Total Long-Term Liabilities $817.7M $613.2M
Total Liabilities $3.066B $2.689B
YoY Change 14.02% 28.5%
SHAREHOLDERS EQUITY
Retained Earnings $473.9M $1.718B
YoY Change -72.41%
Common Stock $507.0M $11.00K
YoY Change 4608718.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.174M $1.303B
YoY Change -99.6%
Treasury Stock Shares
Shareholders Equity $978.6M $883.9M
YoY Change
Total Liabilities & Shareholders Equity $4.045B $3.573B
YoY Change 13.2% 11.56%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $133.5M $109.6M
YoY Change 21.81% 0.18%
Depreciation, Depletion And Amortization $55.80M $52.50M
YoY Change 6.29% 5.63%
Cash From Operating Activities $235.4M $272.5M
YoY Change -13.61% -19.38%
INVESTING ACTIVITIES
Capital Expenditures -$82.50M -$88.90M
YoY Change -7.2% 46.46%
Acquisitions
YoY Change
Other Investing Activities $200.0K $1.000M
YoY Change -80.0% 900.0%
Cash From Investing Activities -$82.30M -$87.90M
YoY Change -6.37% 45.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 153.0M -190.1M
YoY Change -180.48% -22.15%
NET CHANGE
Cash From Operating Activities 235.4M 272.5M
Cash From Investing Activities -82.30M -87.90M
Cash From Financing Activities 153.0M -190.1M
Net Change In Cash 306.1M -5.500M
YoY Change -5665.45% -116.57%
FREE CASH FLOW
Cash From Operating Activities $235.4M $272.5M
Capital Expenditures -$82.50M -$88.90M
Free Cash Flow $317.9M $361.4M
YoY Change -12.04% -9.36%

Facts In Submission

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us-gaap Earnings Per Share Basic
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The revolving credit facility also provides for the issuance of letters of credit with a sub-limit of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$300,000</font><font style="font-family:inherit;font-size:10pt;">, and swingline loans in an amount not to exceed </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$50,000</font><font style="font-family:inherit;font-size:10pt;">. The Company may request, subject to agreement by one or more lenders, that the total revolving commitment be increased by an amount not exceeding </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$250,000</font><font style="font-family:inherit;font-size:10pt;"> (up to a total commitment of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,000,000</font><font style="font-family:inherit;font-size:10pt;">). Voluntary prepayments and voluntary reductions of&#160;the&#160;revolving balance&#160;are&#160;permitted in whole or in part, at the Company&#8217;s option, in minimum principal amounts as specified in the revolving credit facility. The revolving credit facility matures on May 27, 2016.</font></div></div>
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
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aap Amortization Of Unrecognized Losses On Interest Rate Swaps Net Of Tax
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us-gaap Selling General And Administrative Expense
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aap Decrease In Financed Vendor Accounts Payable
DecreaseInFinancedVendorAccountsPayable
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CY2011Q2 aap Repurchaes Of Common Stock Not Settled Shares
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RepurchasesOfCommonStockNotSettled
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aap Repurchases Of Common Stock Not Settled
RepurchasesOfCommonStockNotSettled
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-29
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-04-21
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001158449
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
73509714000 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
No
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q2 dei Entity Public Float
EntityPublicFloat
4095837257000 USD
dei Entity Registrant Name
EntityRegistrantName
Advance Auto Parts Inc
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

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0001158449-12-000091-index-headers.html Edgar Link pending
0001158449-12-000091-index.html Edgar Link pending
0001158449-12-000091.txt Edgar Link pending
0001158449-12-000091-xbrl.zip Edgar Link pending
aap-20120421.xml Edgar Link completed
aap-20120421.xsd Edgar Link pending
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aap-20120421_lab.xml Edgar Link unprocessable
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